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<SEC-DOCUMENT>0000930413-04-000239.txt : 20040130
<SEC-HEADER>0000930413-04-000239.hdr.sgml : 20040130
<ACCEPTANCE-DATETIME>20040129174725
ACCESSION NUMBER:		0000930413-04-000239
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040130

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRESIDENT & FELLOWS OF HARVARD COLLEGE
		CENTRAL INDEX KEY:			0000315016
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042103580
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O HARVARD MANAGEMENT COMPANY INC
		STREET 2:		600 ATLANTIC AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		6175234400

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOREA FUND INC
		CENTRAL INDEX KEY:			0000748691
		IRS NUMBER:				133226146
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36819
		FILM NUMBER:		04553637

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVE
		STREET 2:		C/O SCUDDER STEVENS & CLARK INC
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		6173305464
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>c30622_sc13da.txt
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                  SCHEDULE 13D

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. 1)


                              THE KOREA FUND, INC.
                                -----------------
                                (Name of Issuer)


                                  COMMON STOCK
                                  ------------
                         (Title of Class of Securities)


                                    500634100
                                    ---------
                                 (CUSIP Number)

                                 Michael Pradko
                        Harvard Management Company, Inc.
                               600 Atlantic Avenue
                           Boston, Massachusetts 02210
                                 (617) 523-4400


                                 with a copy to:


                              THEODORE ALTMAN, ESQ.
                                PIPER RUDNICK LLP
                           1251 AVENUE OF THE AMERICAS
                          NEW YORK, NEW YORK 10020-1104

                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                JANUARY 27, 2004
             (Date of Event Which Requires Filing of this Statement)

         If the filing person has  previously  filed a statement on Schedule 13G
         to report the acquisition that is the subject of this Schedule 13D, and
         is filing this schedule because of ss.ss.240.13d-1(e),  240.13d-1(f) or
         240.13d-1(g), check the following box. [ ]




                                Page 1 of 4 Pages


<PAGE>


<TABLE>
<CAPTION>
- --------------------------------                                                        --------------------------------
CUSIP No. 500634100                          SCHEDULE 13D AMENDMENT NO. 1                           Page 2 of 4 Pages
- ------------- ----------------------------------------------------------------------------------------------------------
<S>           <C>                                                                                     <C>
     1        NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NUMBERS

              President and Fellows of Harvard College

- ------------- ----------------------------------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)    |_|
                                                                                                      (b)    |_|

- ------------- ----------------------------------------------------------------------------------------------------------
     3        SEC USE ONLY


- ------------- ----------------------------------------------------------------------------------------------------------
     4        SOURCE OF FUNDS

              WC

- ------------- ----------------------------------------------------------------------------------------------------------
     5        CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)    |_|

- ------------- ----------------------------------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

              Massachusetts

- ------------------------------------ -----------------------------------------------------------------------------------
<CAPTION>
<S>                                  <C>     <C>
         NUMBER OF SHARES              7     SOLE VOTING POWER
          BENEFICIALLY
                                              11,813,400

                                     -----------------------------------------------------------------------------------
           OWNED BY EACH                8     SHARED VOTING POWER
       REPORTING PERSON WITH

                                              0

                                     -----------------------------------------------------------------------------------
                                        9     SOLE DISPOSITIVE POWER

                                              11,813,400

                                     -----------------------------------------------------------------------------------
                                        10    SHARED DISPOSITIVE POWER

                                              0

- ------------------------------------
- -----------------------------------------------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              11,813,400

- ------------------------------------------------------------------------------------------------------------------------
     12       CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    |_|

- ------------------------------------------------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              23.75%

- ------------------------------------------------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON

              EP

- ------------------------------------------------------------------------------------------------------------------------
</TABLE>



                               Page 2 of 4 Pages
<PAGE>



        This first amendment (the "First  Amendment") amends and supplements the
statement on Schedule 13D,  previously  filed with the  Securities  and Exchange
Commission on December 15, 2003 by the President and Fellows of Harvard  College
("Harvard"),  with respect to the common  stock,  par value $0.01 per share (the
"Common Stock"), of The Korea Fund, a Maryland corporation (the "Issuer").

ITEM 4.       PURPOSE OF TRANSACTION.

         Harvard met with the Issuer's  Board of Directors on December 16, 2003.
They  discussed  a number of matters  relating  to the  Issuer and  investments,
including  actions  the  Issuer  could  take to  eliminate  or narrow the spread
between the market and net asset values of the Issuer's  Common  Stock.  Harvard
urged that the Issuer take prompt and effective  action in that regard.  Harvard
reviewed the tender  offer for up to 10% of the Common  Stock and program  which
may result in a similar offer being made in each of the next two years announced
by the Issuer on January 21,  2004.  Harvard  believes  the tender offer and the
program are inadequate and so informed the Issuer.

         Except as described above, Harvard does not have any plans or proposals
which  relate to or would  result in any of the  actions  set forth in parts (a)
through  (j) of Item 4.  Harvard  reserves  the right to make any such  plans or
proposals  in the future or to take any other  steps to enhance the value of its
investment.








                               Page 3 of 4 Pages
<PAGE>



                                   SIGNATURES

         After  reasonable  inquiry and to the best of its knowledge and belief,
the  undersigned  certifies that the  information set forth in this statement is
true, complete and correct.

Dated:  January 29, 2004                PRESIDENT AND FELLOWS OF HARVARD COLLEGE



                                        By: /s/ MICHAEL S. PRADKO
                                        ----------------------------------------
                                        Name: Michael S. Pradko
                                        Title:  Authorized Signatory

















                               Page 4 of 4 Pages

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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